1.
Daily Commodity Report
2nd April 2012
MCX GOLD (5 APRIL 12) - Gold opened lower at 28120. It
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Apr-12)
moved higher to touch an intra day high of 28139. However, it
failed to sustain higher on back of selling pressure. It touched an
Open 28,120 56,831 5,296 intra-day low of 27903 level. It ended the day with modest losses
High 28,139 56,832 5,296 to close at 28030.
Low 27,903 56,677 5,260
The Stochastic is placed below its average. More so the RSI has
Close 28,030 56,790 5,274 slipped below its average. These conditions would lead to selling
Prev. Close 28,133 56,909 5,301
pressure. However, the Stochastic has moved in the over sold
territory and is likely to lead to short covering at lower levels. The
% Change -0.37% -0.21% -0.51% ADX line, -DI line and the +DI line are moving sideways, indicating
Source – MCX a range bound trend. MCX GOLD faces resistance at 28084,
28960, 29212 and 29433, while the supports are placed at 27557,
Volume (In 000's) 26517, 26347 and 25500 levels.
31/3/2012 30/3/2012 % Chg. MCX SILVER (5 MAY 12) - Silver opened lower at 56831. It
Gold (gms) 4,052.0 14,817.0 -72.65% moved higher to touch an intra day high of 56832. However, it
failed to sustain higher and corrected. It touched an intra-day low
Silver (kgs) 61.9 1,232.9 -94.98% of 56677 level. It ended the day with modest losses to close at
Crude (bbl) 685.7 11,152.4 -93.85% 56790.
Source – MCX
The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure. The –DI line, +DI
Turnover (In Lacs)
line and ADX line are moving sideways, indicating a range bound
31/3/2012 30/3/2012 % Chg. trend. MCX Silver faces resistance at 61708, 65159 and 66261
while the supports are placed at 56157, 51029 and 50252 levels.
Gold 113,739.0 417,132.3 -72.73%
Silver 35,166.5 702,329.8 -94.99% MCX CRUDE (19 APRIL 12) - Crude opened lower at 5296 level.
Incidentally, this was the highest price for the day. It moved lower
Crude 36,130.8 589,810.3 -93.87%
to touch an intra day low of 5260. It ended the day with moderate
Source – MCX losses to close at 5274.
Global Market (Nymex - $) The RSI and the Stochastic are placed below its average. These
conditions would lead to profit taking at and selling pressure.
2/4/2012 31/3/2012 % Chg.
However, the Stochastic is placed in the over sold zone and would
Gold (oz) 1,668.60 1,669.30 -0.04% lead to intermediate bouts of short covering. The +DI line, –DI line
and ADX line are moving sideways, indicating a range bound
Silver (oz) 32.38 32.48 -0.32%
trend. It faces resistance at 5305, 5498, 5550 and 5635 while the
Crude (bbl) 103.15 103.02 0.13% supports are placed at 5232, 5182 and 5150 levels.
Dollar Index 79.03 79.00 0.03%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE APR 12 5274 5277 5293 5313 5349 5257 5241 5205
GOLD APR 12 28030 28024 28145 28260 28496 27909 27788 27552
SILVER MAY 12 56790 56766 56856 56921 57076 56701 56611 56456
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2.
US Economic Calendar:
Monday Tuesday Wednesday Thursday Friday
Apr. 02 Apr. 03 Apr. 04 Apr. 05 Apr. 06
ISM Mfg Index FOMC Minutes ADP Employment Jobless Claims Employment Situation
Announcement Report Data
Construction Spending Factory Orders ISM Non-Mfg Index Money Supply Data Consumer Credit
4-Week Bill Motor Vehicle Sales EIA Petroleum Status EIA Natural Gas Report Monster Employment
Announcement Report Index
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3.
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